Was looking at T212 for my wifes ISA, very impressed 
The way they are attracting new users is really good,
CASH ISA 5.12% got a mention on Martinās podcast
And Card that gives 5.1% and 1.5% cash back
etc etc. I donāt have my money on them but my wife just initiated ISA transfer FT ā T212
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I think we need to wait for what next for Freetrade as there was major change of management recently
Hopefully a big push for LISA & JISA in the coming months
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Iām remaining hopeful as was going leave for 212 this FY but decided to see what comes out this year with FT.
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The thing is whatever comes out can it top 212? What are you specifically hoping for ?
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I have accounts with t212 and FT, and comparing both, I can see lots of problems with liquidity for T212. All their orders seem to be going via OTC. This is problematic, as on many occasions my order was not executed at best price. For example I wanted to sell wizzair at 13:30, so sent sell order at this price, and the I see the current price is 13:32, but my order is not executed. How is this even possible?
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Below are some of the things I would like to see:
ā¢ Ability to switch between FIFO and average price when calculating P&L
ā¢ Greater sort capabilities of main portfolio page and displaying total return here
ā¢ Ability to be able to set price alerts
ā¢ lower FX fees
ā¢ Increased dividend information such as yield, yield on cost, monthly and yearly comparisons, sector and industry breakdown, forecasting similar to stock events
ā¢ In my opinion having a tiered customer service approach, especially for those in standard and plus subscriptions sends out the wrong message. I donāt need a SIPP so thatās why I have a standard plan but do feel a bit penalised here even being a paying customer.
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That card ends soon, the daily interest is great itās more a case of does your wife know what sheās getting herself into if she does thats fine if she doesnāt prepare to lose lots of cash.
I have seem so many people go to T212 and guess what go straight for the CFDs.
Sometimes if it sounds to good to be true it usally is and this puts people off investing as in they invest in CFDs then try preech itās a mugs game itās gambling youāre stupid trying the markets due to them loosing and they never return.
At leadt they do it the legit way as in I want FT to be in profit without relying on customer loses.
Lol, she is not a trading type. It is just ISA. She lost few 100s in FT, account became inactive yet fees were deducted and measly interest, hard to imagine account value going down on FT owhen whole account was in cash.
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Thatās down to the individual though? Iāve had a 212 s&s ISA for a while and have not once opened the CFD section in the app as in sure most people who invest for the same reason there do not.
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What do you mean legit way? 212 is under the same regulations as any broker is thats in the UK mate, 212 canāt babysit people and frankly itās personal choice.
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Couple of the reasons is why 212 is the preferred choice for many people, I mean no price alerts is just amateur, I didnāt know freetrade donāt show dividend yield though, thatās bizarre.
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Also, it doesnāt rely on the CFD accounts for all its profit, the ISA and invest accounts are profitable on their own pal.
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This is a good question.
Account types is a good place to start. People will pay for the convenience of having Isas, Lisas, Jisas and Sipps under one roof. It would increase the value of subscriptions too.
Beyond that, I think FT should focus on stuff T212 doesnāt offer like OEICs and perhaps individual bonds ā things that will give it a relatively unique offering.
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How they can be profitable if they offer isa at 5.1% and the Bank of England rate is 5%?
They are losing money on every new Isa account at the moment
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Ahh that sucks for her, well at least itās just the isa so thatās cool then 
hopefully she does well.
I just mean I had friends who done it didnāt have a clue and opened that section lost money etc then I had to listen to it.
I didnāt mean everyone does it though.
Sorry pal I must of been misinformed last I seen everyone was saying they make the majoirty of their money from CFDs but who knows.
By legit I should of rephrased that to FT donāt want most of itās profits coming from the likes of CFDs etc ofc I know you just said it doesnāt so it is what it is then.
The full where the shares are kept as well had many scared for a long time and Iām still not sure if itās the same.
I have nothing vs T212 I like it also and I probably would like other providers as well but I really just canāt be bothered moving.
Iām a simple man with simple needs and Iām happy to be helped thatās asds price ching ching
No denying they make big money from CFD accounts but the last time I checked the invest and ISA accounts were fully sustainable, I believe IBKR hold shares for T212 which is fine by me, I do like freetrade aswell and a big plus they have is the SIPP, I do fear if 212 offered this it could be massively damaging to freetrade. I totally get why people donāt want the faff of moving all the time, just personally for me I think they offer so much more than freetrade, for no charge, less FX etc nobody can beat them imo at the moment.
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Last time I checked them accounts were fully sustainable,they make money in a few different ways for these accounts,they have LOTS of customers donāt forget and not lots of them people are holding big money as cash.
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